News

Rising economic uncertainty and geopolitical tensions are exacerbating long-standing challenges in the steel industry. IndustriALL Global Union, IndustriAll Europe, and TUAC call on governments at the 97th OECD Steel Committee to ensure that workers do not bear the brunt of these pressures through ...

The latest OECD Wage Bulletin, published on 13 March, shows that real wages have finally started to grow on a yearly basis in a majority of OECD countries, after the sharp decline caused by the 2021-2022 inflation surge. In Q3 2023, real wage growth was positive in 25 of the 35 countries with ...

The latest OECD Interim Economic Outlook projects a weaker than previously anticipated global growth of around 3% in 2025-2026 – substantially below pre-pandemic levels – while recommending limited interest rate cuts and restrictions on government spending. TUAC’s response, published ...

TUAC General Secretary Veronica Nilsson warned of growing inequality and workers’ rights challenges during the World Economic Forum’s “Closing the Jobs Gap” panel today. Speaking alongside the ILO Director-General and business leaders, Nilsson highlighted growing ...

TUAC seriously doubts the OECD’s analysis in its latest Economic Outlook and rejects its key recommendations on macroeconomic policy. TUAC is sceptical of the OECD’s assumption that the global economy and labour markets are resilient enough to withstand a return to fiscal austerity and ...

TUAC, IndustriALL Global Union and industriAll Europe expressed their profound concern about the cumulative loss of tens of thousands of jobs in the steel sector and related industries, globally, and many more currently on the line. The trade union representatives attending the OECD Steel Committee ...

This year’s OECD How’s Life publication comes at a time when economies and societies have yet to fully recover from the COVID-19 pandemic and cost-of-living crisis, and stresses that traditional economic indicators such as GDP or average income are only part of the whole story. The report ...

The OECD’s Interim Economic Outlook Report  supports the recent turn in monetary policy and recognizes that there is room to lower interest rates. At the same time, it urges central banks to be prudent and carefully judge the timing and scope of reductions to contain underlying inflationary ...

Trade unionists from G7 countries met with Ministers, international policymakers and business leaders in Cagliari today to Underline the urgent need for Governments to deliver environmentally and socially sustainable growth with real wage growth for working people. Tackle the climate crisis by ...

The G20 Labour and Employment Ministers Meeting (G20 LEMM) took place in Fortaleza, Brazil, on 25-26 July. The Ministerial Declaration from the meeting closely aligns with workers’ demands, as outlined in the L20 statement to the G20 LEMM. The LEMM opened with a Just Transition Leadership Forum, ...

The 2024 Employment Outlook provides evidence of worsening wages and job opportunities in the move from high emission to green industries and makes a strong case for collective bargaining to achieve a socially just transition to a net-zero economy. It shows that workers from high emission ...

The OECD is being challenged to forge a new economic consensus for the ‘new normal’ of climate crisis, geo-political tensions and supply chain bottlenecks feeding inflation, which increases prices and disrupts economic activity. The challenge was raised at the annual TUAC-OECD liaison committee ...